BNP Paribas restated their underperform rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a report issued on Tuesday morning. BNP Paribas currently has a GBX 52 ($0.68) target price on the financial services provider’s stock.
A number of other equities research analysts have also issued reports on the stock. Morgan Stanley set a GBX 90 ($1.17) target price on shares of Lloyds Banking Group PLC and gave the company a buy rating in a research note on Wednesday, June 8th. Deutsche Bank AG restated a buy rating and issued a GBX 78 ($1.02) target price on shares of Lloyds Banking Group PLC in a research note on Monday, June 13th. JPMorgan Chase & Co. set a GBX 90 ($1.17) target price on shares of Lloyds Banking Group PLC and gave the company a buy rating in a research note on Monday, June 13th. Goldman Sachs Group Inc. restated a neutral rating and issued a GBX 83 ($1.08) target price on shares of Lloyds Banking Group PLC in a research note on Wednesday, June 15th. Finally, Shore Capital restated a buy rating on shares of Lloyds Banking Group PLC in a research note on Friday, June 17th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 69.58 ($0.91).
Lloyds Banking Group PLC (LON:LLOY) opened at 54.73 on Tuesday. The stock’s market cap is GBX 31.75 billion. The company’s 50 day moving average price is GBX 56.82 and its 200-day moving average price is GBX 61.49. Lloyds Banking Group PLC has a 12-month low of GBX 47.10 and a 12-month high of GBX 78.02.
The firm also recently disclosed a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 11th were issued a dividend of GBX 0.85 ($0.01) per share. This represents a dividend yield of 1.62%. The ex-dividend date was Thursday, August 11th.
In other Lloyds Banking Group PLC news, insider Horta-Osorio,Antonio acquired 3,330 shares of Lloyds Banking Group PLC stock in a transaction dated Friday, September 16th. The stock was bought at an average cost of GBX 57 ($0.74) per share, with a total value of £1,898.10 ($2,477.61).
About Lloyds Banking Group PLC
LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.
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